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RESOLUTION NO. 85- A3
A RESOLUTUION OF THE BOARD OF COUNTY COMMISSIONERS
APPROVING A REQUESTED EXTENSION OF TIME AND THE
REDUCTION AND SUBSTITUTION OF SECURITY FOR SHORFLANDS
SUBDIVISION.
WHEREAS, the Board of County Commissioners entered into
a Contract for Required Improvements with Shoreland Development,
Inc. (Developer), in conjunction with the approval of the final
plat for Shorelands Subdivision; and
WHEREAS, the Developer has completed a portion of the
work covered by the agreement and has requested a six month exten-
sion of time to complete the remaining dune crossover structure,
together with a substitution of a new Letter of Credit to reflect
the completed work; and
WHEREAS, the Board finds that ,jod cause exists for the
extension of time, and that the new security will adequately pro-
tect the interests of the County.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that:
1. Contract for Required Improvements No. SD -83-09--07.8,
attached hereto, is amended to extend the completion date stated
therein until October 30, 1985; and
2. The Board hereby releases Barnett Bank's Irre-
vocable Letter of. Credit No. 138, in the amount of $10,522.50,
(TEN THOUSAND FIVE HUNDRED TWENTY TWO AND 50/100), contingent upon
the receipt and acceptance of a new Letter of Credit in an amount
not less than $8,625.00. (EIGHT THOUSAND SIX HUNDRED TWENTY FIVE
AND NO/100).
The above extension and substitution of surety is hereby
approved and agreed to by the Developer.
SHORELA))ND DEVELOPMENT, INC.
BY:
_RogeijO. Wheelwright
President
(AFFIX CORPORATE SEAL)
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RESOLUTION NO. 85-43
The foregoing resolution was offered by commissioner
Scurlock who moved its adoption. The motion was seconded
• Bowman
by Commissioner and, upon being put to a vote, the
vote was as follows:
40
Chairman Patrick B. Lyons Aye
Vice -Chairman Don C. Scurlock, Jr. Aye
Commissioner Richard N. Bird Aye
Commissioner Margaret C. Bowman Aye
Commissioner William C. Wodtke, Jr. Absent
The Chairman thereupon declared the resolution duly
• O passed and adopted this 24th day of April , 1985.
BOARD OF CoW Y COMMISSIONERS
OF INDIAN,. Ij"ER COUNTY, FLORIDA
By
RICK B.
Chairman
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Attest:,:_
FREDA WRIGHT
Clerk
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY
By
,SCOUN ATTORNEY
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